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Govt monitoring PMC Bank situation: Sitharaman
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Govt monitoring PMC Bank situation: Sitharaman

Agency News

The government was monitoring the situation, says Union Finance Minister Nirmala Sitharaman in a press meet.

She also added that the Government would intervene only if it was deemed necessary to protect the interests of depositors. 'At the moment, the RBI is doing its bit,' she said.

The bank is facing restrictions and RBI has capped the daily withdrawal limit for depositors at Rs 10,000 for now.